The models are broken
The market is trying to get back to the pre-Covid and pre-war times, but that model is broken. A new dawn is here and the financial world needs to adapt.
Steen Jakobsen,
Chief Investment Officer
Head of FX Strategy
Summary: The US dollar has maintained a solid bid through a fairly significantly shift in the market tone to start the week – a strong showing. Overnight, the RBA was a snoozer, but AUD traders may simply be waiting for more colour on its guidance from Governor Lowe's speech tonight.